Until I transferred 2 million in cash to my parents' account and watched them stare at the deposit slip for several minutes
I then smiled and added, "This is just the profit rolled out from the 30,000 U back then; the principal was already safely withdrawn."
Want to truly stay in the cryptocurrency circle? The first step is: throw away your feelings
The following 7 points are my "iron rules for survival" earned through liquidation, losses, and sleepless nights
① Making money is like climbing a mountain, losing money is like jumping off a cliff
When 1 million rises to 2 million, it needs to double; but when 2 million falls back to 1 million, it only needs to drop by 50%. What's even harsher is the fluctuation tax: rise by 10% and then fall by 10%, the principal quietly shrinks by 1%
The first goal is not to double, but: do not die
② Big fluctuations ≠ big profits
1 million rises by 40% and then falls by 20%, in the end it seems like there is still 1.12 million. But repeat it for six years, and the annualized return is only 5%, which is worse than government bonds
Stability is the king of compound interest!
③ Small profits rely on discipline, big profits rely on luck
Stop at 1% every day, 250 days would be 12 times. But if you are focused on turning 5 times in a year, in nine out of ten cases, the result is liquidation.
The sharpest trap is "greed"; don’t mistake luck for strength.
④ If not counting annualized returns, goals are just empty talk
Turning 10 times in 10 years requires an annualized return of 26%. Many people haven't even calculated this number, they just rush in blindly, and in the end, they are either afraid of missing out or deeply trapped!
Vague goals = giving away money
⑤ Calculate before adding positions
Buying 10,000 pieces at 10 yuan, and then adding another 10,000 pieces at 5 yuan, the cost is not 7.5, but 6.67. If you make a miscalculation, the more you add during a decline, the more panic you will feel, directly burying yourself alive
⑥ Floating profits are not to be mentioned, they are just an illusion
When the account reaches 1.1 million, pulling out 100,000 means the principal is already safe. If you continue to heavily invest 200,000, after a halving, only 100,000 is left, and all profits are gone. It’s not hard to buy, but locking in profits is the true skill
⑦ Bear markets are the true test
In a bull market, even pigs can fly, and strengths and weaknesses cannot be discerned. Only when the market crashes significantly, those coins that have small declines and still have funds to support them are worth holding onto
The market always rewards those who can remain stable!
Getting rich is not about a single gamble, but about steadily locking in profits time and again
If you want to go further, it might be good to start today by adding one word to your operations: stability!
